Care Ratings: Agrochemicals Industry First Half Of FY21 Update

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

Production of agrochemicals (technical grade) has grown at 11.5% during H1 FY21.

Despite the impact of the coronavirus on the domestic market; two consecutive good monsoon seasons, vibrancy of the rural markets and a good sowing season has attributed to an increase in production.

New product launches has also supported the increase in manufacturing.

Total agrochemical exports have increased sharply by 13.4% during H1 FY21.

India mainly has exported agrochemicals to Brazil (19%), U.S (8%), Vietnam (6%), Bangladesh (5%), Australia (4%), Costa Rica (3%), France (3%) and Indonesia (3%).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.